** Even a more than 400% jump in the number of fracking crews working the U.S. shale patch isn’t enough to send oil output soaring. In fact, it’s just enough to keep production relatively flat this year, according to Primary Vision Inc., which has tracked data on frack crews since 2013. ** The chief executive officers of …
Amazon becomes largest corporate buyer of renewable energy in the U.S.
Amazon has become the largest corporate buyer of renewable energy in the U.S. and the world with the addition of 14 new renewable energy projects in Arkansas and other states as well as Finland and Spain. The company said the projects will advance its ambitious goal to power 100% of its activities with renewable …
Shell and GM announce partnership on Texas power and car-charging
General Motors and a Shell-owned power company announced a partnership on Wednesday aimed at providing renewable electricity to Texas customers and free overnight charging to state residents who own GM electric cars. Shell’s wholly owned subsidiary MP2 Energy, LLC joined GM in collaboration to provide energy solutions to GM customers and supply chain partners …
Scammers use Corporation Commission name in phony fund-raising scheme
Someone apparently has been attempting to scam people out of money by using the name of the Oklahoma Corporation Commission in a phony fund-raising cause. The Commission issued an announcement Tuesday that false solicitation for donations using the agency’s name had been made for a supposed GoFundMe account. The account was under the campaign …
Crude oil prices stumble in Tuesday’s trading but remain at $73 in US
After Monday’s increase, crude oil prices took a slight fall in the US and in Europe on Tuesday and Oklahoma energy stocks went with them. West Texas Intermediate crude, considered the benchmark U.S. crude oil for July delivery dropped 60 cents and settled at $73.06 a barrel. The global benchmark, Brent crude for August …
New Vice President at PSO
Public Service Company of Oklahoma has named Jennifer Leber as the company’s new vice president of Distribution Operations. Leber replaces Steve Baker who will become president and chief operating officer of PSO’s sister company, Indiana Michigan Power. Leber will be based in PSO’s Tulsa office and will be responsible for the operation and maintenance …
Other EV industry firms showing interest in Oklahoma
The decision by electric vehicle manufacturer Canoo to locate a new manufacturing plant in northeast Oklahoma has Oklahoma Commerce Director Brent Kisling thinking it could be the first of others in the EV industry to locate in the state. Kisling said others are interested in locating in Oklahoma and he’s been busy on the …
Energy news in brief
** Coal stockpiles at U.S. power plants decreased significantly from December 2020 to February 2021, including a draw of nearly 16 million tons in February 2021. February’s draw was the largest monthly coal inventory decrease since July 2011, when stocks were drawn down by 18 million tons reports the EIA. ** A controversial oil refinery in St. …
Lankford to be part of Senate Energy Committee hearing
The infrastructure needs of the US energy sector, western water and public lands will be subjects of a Senate Energy and Natural Resources Committee hearing this week in Washington. Oklahoma U.S. Sen. James Lankford, a member of the committee will be among those considering the Energy Infrastructure Act at the Thursday morning hearing. The …
Renewable energy fight underway in New Mexico
New Mexico finds itself in the middle of a battle—one pitting renewable forces against the state’s oil and gas industry that is responsible for billions of dollars in revenue. Renewable energy supporters want the state to rid itself from being so dependent on oil and gas and to convert to solar and wind power, …
